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Thursday, October 3, 2024
TopicBloomberg wire

Topic: Bloomberg wire

Bonds in India tumble as Modi govt unveils record borrowing plan in Budget

Elevated bond sales will worsen debt supply worries in a year when the RBI is expected to wind back on its monetary stimulus.

Modi govt plans record Rs 14.5 lakh crore borrowing in Budget 2022 to fund growth ambitions

The looser spending puts India on track to post one of the deepest budget deficits among major economies as nations spend their way out of the Covid-induced downturn.

Sony buys ‘Halo’ and ‘Destiny’ video game’s developer Bungie for $3.6 billion

Buying Bungie will give Sony one of the most popular first-person shooter games to compete with Call of Duty series, which Sony’s main rival, Microsoft, now owns through Activision.

Covid response has generated thousands of tonnes of extra medical waste in health threat: WHO

To get a sense of the scope of the issue, WHO examined the fate of 87,000 metric tonnes of PPE that were shipped via a UN initiative between March 2020 and November 2021.

Why Joe Rogan isn’t Spotify’s only podcast problem

Raging controversy began when singer Neil Young demanded his music be removed from the platform over concerns that its most popular podcaster, Joe Rogan, is spreading vaccine misinformation.

What is the Russia-sized mystery in China’s electricity sector

China connected 55 gigawatts of solar power & 48 gigawatts of wind last year. But the country's electricity consumption in 2021 grew at 10% & will increase again by 5-6% this year.

Morgan Stanley’s former mergers & acquisitions head in India, S. Sundareswaran, rejoins firm

Sundareswaran will be heading Morgan Stanley’s M&A business in the country and will also be leading financial sponsors coverage, people familiar with the matter have said.

Byju’s negotiates merger with special-purpose acquisition companies, to go public within a month

Byju's is leaning towards a SPAC merger instead of a traditional IPO because it sees value in having U.S. investors and strategic partners, people familiar with the matter said.

Tata Steel wins bid to buy state-run Neelachal Ispat Nigam for Rs 12,100 crore

Tata Steel will buy 93.7% stake in Neelachal, which has shuttered its plant since March 2020, said finance ministry. Deal will help take Centre closer to its asset-sale target for the year.

India set to present budget topping $500 billion, sustain recovery from pandemic disruptions

Finance Minister Nirmala Sitharaman is expected to channel more spending toward policies that create jobs, boost manufacturing and benefit the poor.

On Camera

Gaza, Ukraine being fought on techno-battlefields. Indian military is 3 decades behind

My assessment is that the Indian armed forces are adopting emerging technologies for incremental change and not transformation—which is the need of the hour.

Even as SEBI lays down new curbs on F&O market, discount brokerages are changing business models

SEBI Tuesday unveiled rules to curtail retail participation in derivatives market. Options premia to be collected upfront from options buyer effective 1 Feb 2025.

‘No drone bombs or infiltration’, Army Chief says ‘battle of narratives’ must be controlled in Manipur

Chief of Army Staff General Upendra Dwivedi says the Manipur conflict was triggered by a rumour and that the situation may be ‘stable today, but it is tense’.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?